July 4, 2017 / 5:46 PM / a month ago

ECB's Nowotny says inflation target must be viewed flexibly

FILE PHOTO: European Central Bank (ECB) Governing Council member Ewald Nowotny adjusts his glasses during a news conference in Vienna, Austria, March 30, 2017.Heinz-Peter Bader/File Photo

VIENNA (Reuters) - The European Central Bank's target of inflation under but close to 2 percent should not be applied too narrowly, Governing Council member Ewald Nowotny said on Tuesday, arguing for it to be seen as a flexible and medium-term target.

In a speech on monetary policy, Nowotny said the target "should also include a certain flexibility".

Reporting by Francois Murphy; Editing by Gareth Jones

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